Eric Glick, regional sales manager with New American Funding, joins the Atlanta Real Estate Forum Radio show to discuss the new FICO score program, updated FHA regulations and millennial homebuyers. Glick joins hosts Carol Morgan and Todd Schnick for the All About Real Estate segment. New American Funding is a home loan and mortgage assistance company founded in 2002 that offers a[...]
The Federal Housing Administration (FHA) recently announced its 2021 loan limits. Due to a steady increase in median home prices across the country, the FHA increased annual loan limits by 7.42%. This will be shown in a floor increase from $331,760 to $356,362 for single-family home loans and a ceiling increase from $765,600 to $822,375. The 2021 national low-cost area mortgage[...]
As the automatic spending cuts known as "sequestration" start, the effects to one of the government agencies most tied to housing, specifically new home construction, the Federal Housing Administration (FHA), are beginning to be revealed. Currently, approximately 25 percent of purchase money mortgages issued for home purchases involve the use of FHA insured mortgages. The budget cuts will have the biggest[...]